In Vadodara various large-scale industries such as Indian Oil Corporation(IOCL), Gujarat State Fertilizers & Chemicals (GSFC), Indian Petrochemicals Corporation Limited (IPCL, now owned by Reliance Industries Limited) and Gujarat Alkalies and Chemicals Limited (GACL) have come up in the vicinity of Gujarat Refinery and all of them are dependent on it for their fuel and feedstock.
Real Estate Market of Vadodara

Realty market in Vadodara is yet to mature and capital values here are still away from their peak levels. Currently the price of properties in Vadodara starts from around ₹ 7.00 lacs while the average price of properties in Vadodara is ₹ 55.33 lacs. Overall, Vadodara has a price trend which is moving up since the last six months.